Morgan Stanley Senior Funding and BMO Capital Markets Finance Gulf Oil Acquisition by ArcLight Energy Partners
NEW YORK – Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and BMO Capital Markets Corp., as joint lead arrangers and bookrunners on the financing for the acquisition by ArcLight Energy Partners of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc.
The financing consists of a $425 million Term Loan Facility and a $700 million ABL Facility.
The Paul Hastings team was led by Leveraged Finance partners
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.